Hdfcbankanalysis
HDFC BANK go longHi guys this is Trader Kanishk
In this video i have analysed HDFC BANK
Points discussed in the video:
Why to go long
has it taken support
trendline breakout
new support levels
new targets
new stoploss levels
entry levels for sharp entry
and many more.
Please
Watch the entire video and
GO for It
DISCLAIMER
Every thing i have discussed in this video is only for educational purpose, do not consider this as a tip, or i am not saying you to buy or sell the stocks. This is all upto you. I am only sharing my analysis and views up to you. Trading is risky, so manage your risk reward before getting enter into any position.
One more very important thing
Guys let me tell you that i am a trader and a trader have a winning probability of 50-65% no any trader is there who have a winning ratio of 100% . Who says you that i am having a 100% winning strategy then F**k these type of people and try to be correct only 50 - 60 % of time which will give you a lot of money if you properly follow the risk reward ratio .
Best time to enter HDFC Bank.HDFC Bank would be the best investment of your all trades in past and this year at this time.
Positional Traders:
Buy at whatever price. Targets: 1200 within 10 days, 1300 in a month, 1400 in a quarter and 1600 by year end.
Intraday traders:
Upwards movement - Entry/Buy Price: 1125-1140, Target 1166-1191-1220.
Downward movement - Despite that it would be short lived but if stock opens downwards, and breaches 1107 short it for target of 1089 -1067.
Note:- HDFC Bank will bounce back up, so traders if shorting should place cover orders (also called as bracket order).
HDFC BANK PRICE NEAR 50% RETRACEMENT LEVELThis looks like a pullback from 2/3rd retracement level, so i has got a very crucial support at 1050 and it is also getting support from a trend line, can take long positions for a week. Wait for the bounce from 1050 level for taking a long position. Shorters trade cautiously, this is a strong stock with strong uptrend. Well this looks like a pullback to me but if the price falls below 1050 level and also crosses the trend line, then this could be weak stock for some upcoming days. Place targets and stop losses near the support and resistance lines drawn.
HDFC BANK ACHIEVED TARGET GIVEN 24 DAYS AGO NOW WHAT NEXT ?Hi Traders,
1. On the 16th of June 2020, I mentioned about harami pattern and shared blue dotted line almost 24 days ago that target was achieved on the 9th of July 2020. That post statement is quoting for your consideration and fig also to authenticate my claim. " When this movement started I informed by highlighting the white circle pattern that is bullish harami. What a move Hdfc gave to traders in the last ten days. Every bit of movement was covered in two analyses in a week." This statement I wrote in the last post referring to the 16th June post. Setting 16th June fig for your consideration compare it with current fig you will realize how perfectly every move I shared with my support, resistance, and zones with the help of conditions.
2. On the 26th of June 2020, point no.1 of the trading plan what I mentioned is quoting as proof of the present move " I made one red dotted zone till this is not taken out in 4 hr time frame positional long will validate with the target of red channel upper band." You can see the price satisfied with this condition and reached to the red channel. I did not manifest this move up to this level in point no .3 of the same-day post (26th June) how clearly I mentioned blue target and aftermath down move is quoting as a proof " Upside if the price breaks the red channel band then the blue dotted line will act as tough resistance. So try to see a short set up. Positional long shorts use red and yellow dotted lines as a stop-loss point. . Here I did not mention taken out condition generally I always this condition. But here I used" breaks "word. How meticulously I try to manifest every move in advance has been proving since I posted my first idea on this platform. I never talk in the air always prove my statements. Setting 26th June fig for authentication.
Trading Plan for next week
1. In the current fig, I made an upside red dotted line if price takes out in 1 hour and 1-day condition then the white upper line is the target.
2. On the contrary, If the red trend line down with the yellow dotted line is taken out in 1 hr and 1-day time frame then the lower white line is the target. In any case, the white lower line is taken out in 1 hour and 1-day time frame then the lower blue line is the target. Red arrow showing a change of sentiments from that area.
3. For new readers taken out condition is as follows:-
Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by next candle and close should be above the previously breached candle. This is how taken out condition is being implemented.
4. The rest price will decide.
YOGESH VATS
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
HDFC is set for a downfall , sell futures for better resultsTarget : 2%
Risk : 1%
Please comment for any doubts!
HDFC Bank is trading above it's Major Supply ZoneHDFC Bank is trading above it's Major Supply Zone @ 1000-1020.
If it will manage to sustain above this zone then It may test it's next Supply Zones (Please find the Supply Zones in the Chart).
It will be more strong above 1060.
In the 1000 to 1060 range I may sell 1000 put for JUL Exp and Once it will sustain above 1060 I may buy a Fut as a positional trade.
I will update this post once I will take a trade.
Thank X :)
Science Backed by Data[HDFC Bank]: Target 1016.90HDFCBank can be shorted with immediate target of 1016.90.
Below this level 1002 looks to the important target below which current uptrend will be completely change.
StopLoss should be used as 1074-1078 above which original trend continues.
Current pull back has been on falling volumes. Although that is typical of any flag structure but this should pull it down to lower range of consolidation.
There is bearish divergence on 4hour chart with rising price and decreasing RSI. This rise has been on low volumes and has RSI divergence so looks like a pull back is in making.
Pls support with likes on the idea.
WILL HDFC CHANGE ITS BUY MODE TO SELL SEE YOURSELF !Hi traders,
last week I mentioned in this stock is quoting for your consideration " As soon as trend progress, my analysis moves with sentiments.
2. A dotted red color zone if not taken out in 2 hr time frame then this will become buy zone. on the contrary, if taken out then the trend will change to down.
3. If next session trading takes out last candle high in 2 hrs time frame then price can move to the white dotted line." . You can see price moved to the white dotted line target achieved. The red dotted zone remained intact and priced moved up. When this movement started I informed by highlighting the white circle pattern that is bullish harami. What a move Hdfc gave to traders in the last ten days. Every bit of movement was covered in two analyses in a week. you can see fig below of the previous update and compare it with today's figure.
Trading plan of next week
1. I made one red dotted zone till this is not taken out in 4 hr time frame positional long will validate with the target of red channel upper band.
2. On the contrary if red dotted zone is taken out then short with the target of the yellow dotted zone. This zone might act as a halt for consolidation and the trend might resume to a red solid line down.
3. Upside if the price breaks the red channel band then the blue dotted line will act as tough resistance. So try to see a short set up. Positional long shorts use red and yellow dotted lines as a stop-loss point.
4. Taken out condition is as follows:-
Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by next candle and close should be above the previously breached candle. This is how taken out condition is being implemented.
The rest market will decide.
YOGESH VATS
Disclaimer:- All positions should be taken with the consultation with your adviser. This all is for educational purposes.
HDFC Bank possible breakout of Cup and Handle pattern. Buy @1048We will see a huge upside move in HDFC bank after the breakout of the very clear Cup and handle pattern.
Long HDFC Bank Above 1048
For Target 1060 1070+
Strict Stoploss 1038
***This is my personal view. Please take advice from your financial advisor before investing.
REPORT OF VARIOUS SCRIPS ANALYSED LAST WEEK PART-3HDFC BANK
1. In last update regarding this stock I mentioned is quoting for your consideration " two days trading after my post the effect of an evening star is neutralize by the bullish harami which i circled in white. and today candle activated it for long side. now long can be initiated with the sl of red dotted line down side." . You can see what a fantastic rally to blue line . See how sentiments are calculated with the formation of candle to candle analysis. That what you have to learn when analysis is done. In every post I corroborate my statements first then I provide next move. Is any post more than 155+ without proving my statements. This is called consistency and strike rate. You all can reach that level by putting hard work with passion. Many people are not able to digest this perfection in my post so they become egoist and start writing without proof illogical. I understand this effect I reply them with my work. As soon as trend progress my analysis move with sentiments.
2. A dotted red color zone if not taken out in 2 hr time frame then this will become buy zone. on the contrary if taken out then trend will change to down.
3. If next session trading takes out last candle high in 2 hrs time frame then price can move to white dotted line. That is right place to book positional long.
BAJAJ FINANCE
1. On june 14th the title of this scrip was " bajaj finance has come out from sell mode to buying see how? " . You can see when sentiments changed you were imformed on bottom fishing time. I mentioned is quoting for your consideration " see upper dotted and solid red zone. on taken out at lower time of 1 hr you can go long with with the sl of lower end of this zone." . You can see price rallied. see the level of confidence written with small condition. See price rises and volume rising . That how manifestation are done with conviction. You will find many analyst providing some calls correct but not all . Even single call is missed in !55 + post are on record.
2. Now the target is white color zone. price can consolidate one to two days depending if nifty go in correction .
Rest market will decide.
YOGESH VATS
REPORT OF STOCKS ANALYSED ON LAST WEEKEND PART-1RELAINCE INDUSTRIES
In last post I gave two dotted lines one red and second yellow. What i mentioned quoting '" IF red dotted line is taken out on smaller time frame of 1 hr then then you will see rally to red line in coming days." you can see lower yellow dotted line is intact and price breached upper red dotted line but not taken out on either 1 hr and daily time frame. If tomorrow it fulfill this taken out condition then see rally . on the contrary yellow dotted line is taken out the this scrip can be range bound. bullish engulfing pattern is activated now.
SBIN
In last post I mentioned is quoting " those who want to enter long they should consider red dotted line as sl and get get long side position till that dotted line is breached." you can see in two days bnf gave big volatile moves but price did not even come closer to red dotted line. Today it breached green dotted line but not taken out. Now scenario is little different Those who are long can be long till pink sloid line is taken out on 30 min timeframe. And those who want fresh entry in long side should wait to go long when green dotted line and pink dotted trendline both are taken out on 30 min timeframe. Those who are not aware of taken out condition they can see attachment where I discussed in detail.
HDFC BANK
In last post I mentioned is quoting " now to invalidate the effect of this pattern further price have to take blue zone out on 2 hrs tome frame.only then reverse sentiments will apply."
You can see I was taking of week structure of hdfc as compare to Icici bank because of an evening star pattern and told you the condition for discontinue the effect seeing to down side for last couple of days by fulfilling the condition of blue line. But two days trading after my post the effect of an evening star is neutralize by the bullish harami which I circled in white. And today candle activated it for long side. Now long can be initiated with the sl of red dotted down side line slightly below it. Because blue upper line condition I mentioned in last post is not fulfilled. So I suggested this sort of sl with the target of red channel upper band. Rest market will decide.
YOGESH VATS
Note. To better understand compare with my previous post of these scrip. All trading positions should be initiated by consulting your financial planner.
WILL FRIDAY BUYING IN HDFC BANKS GOOD ENOUGH TO TAKE UP SEE !!Hi Traders / Investors ,
This is my first analysis on this stock . Since it is quite popular I thought That should also be on my radar. So I analyze it by understanding the structure of smart money is making in it . Actually they are accumulating it on lower levels. All investors listen carefully. If you can invest in this stock for two years that will provide fantastic return. People wanted to buy it on lower prices but it did not gave chances . Thanks to covid crisis It became half . Those who could not board train , they will get chance to board it soon. That would be missed then regrets only. See carefully This is in blue range and upper side I circled an evening star pattern . Those who are reading my recommended books on candle stick they will find the condition which I am going to discuss in advance level with examples. New followers pl do not ask me the name of books , I have fed up giving same reply to many of them. It does not mean I am discouraging you not to ask , not at all. You are welcome to write about these in comment box many of my followers are willingly happy to help you. They all know the value of my time. Now come to point This pattern was made but not activated on next day by giving next candle close down the previous candle. The price went upside breaking the high of pattern . Many of you will think this pattern is not activated so will not work, But that is the beauty of steve nision he taught me in 3rd candle price closed below the high of center candle so chances of activating is still possible. And same happened 4th candle gave close below 3rd candle of circled pattern. And you saw price came to red dotted lower candle. Now to invalidate the effect of this pattern further price have to take blue zone out on 2 hrs time frame . Only then reverse sentiments will apply. Other wise price will visit to lower end of blue range. Intelligent traders will find sell setup if unable to take out upper blue band of range. This buying on Friday may be deceptive. I will be bullish if white dotted line is taken out on 2 hour time frame. That is why Indicated it green arrow. If not taken out blue upper band then red arrow will work. Investors shuold wait price come to blue and green dotted zone. Invest 50 % with sl of low of april . Rest market will decide.
YOGESH VATS
NOTE- All trading and investing should be done by consulting your financial adviser.
HDFC BANK KEY LEVELS SUPPORT AND RESISTANCE 11/06/2020 THURSDAYKey Levels for HDFC BANK : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~999.75
FIRST TARGET~1009.30
INTERIM RESISTANCE~1019.55
FINAL RESISTANCE~1028.40
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LOWER BREAKOUT~984.10
FIRST TARGET~976.60
INTERIM SUPPORT~970.90
FINAL SUPPORT~965.35
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
HDFC BANK KEY LEVELS SUPPORT AND RESISTANCE 08/06/2020 MONDAYKey Levels for HDFC BANK : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~1048
FIRST TARGET~1061
INTERIM RESISTANCE~1071
FINAL RESISTANCE~1083
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LOWER BREAKOUT~1033
FIRST TARGET~1026
INTERIM SUPPORT~1019
FINAL SUPPORT~1013
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.